Home Coins Band Protocol (BAND) Cross-Chain Hackathon Venture Spotlights - Band Protocol

Cross-Chain Hackathon Venture Spotlights – Band Protocol


In April, Band Protocol joined forces with Cosmos & Agoric groups to host a digital hackathon on Gitcoin with the targets of revolutionizing blockchain interoperability via the brand new inter-blockchain communication (IBC) protocol.

The hackathon concluded efficiently as one of many largest blockchain hackathons of the 12 months with over 312 taking part hackers and 42 initiatives in-built simply three weeks’ time.

We need to thank everybody who participated within the hackathon and will likely be doing a function highlight for the Band Protocol winners on this article!

MeiChain is a blockchain constructed with Cosmos SDK utilizing IBC to facilitate $ATOM token switch from Cosmos Hub to the chain to create ‘MEI’ stablecoin tokens that are pegged to 1 US greenback, equally to DAI on Ethereum however native to the Cosmos ecosystem.

Utilizing Band Protocol oracles that ship ‘packets’ cross-chain utilizing the Cosmos-IBC relayers, Meichain is ready to faucet right into a dependable and correct value feed for ATOM/USD that sources knowledge on-demand to obtain real-time market knowledge in a seamless and frictionless method. That’s, every knowledge request is sourced on a case-by-case foundation, guaranteeing that the quoted charge is as shut because the honest market worth as attainable.

Meichain received 1st place within the Cross-Chain Hackathon. MeiChain is stay in a take a look at atmosphere that may be accessed via the CDP web site the place customers can lock ATOM, borrow MEI, return MEI, unlock ATOM, and liquidate the low collateral ratio CDP.

They’ve acquired a number of suggestions from customers throughout and after the Cross-Chain hackathon which is extraordinarily precious for his or her crew to enhance the product and analysis actual use-cases earlier than MeiChain launches to the mainnet very shortly.



Learn the unique article right here

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
473FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,581FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.16
GBP
1.27
CHF
1.08
NOK
0.10
JPY
0.01
CAD
0.75
AUD
0.70

Most Popular

Bitgo Plans to Launch Wrapped Bitcoin on the Tron Blockchain

Soon there will be another network that allows people to tokenize BTC in order to leverage the underlying blockchain’s speed and fees....

Bitcoin and Defi are going to EXPLODE SOON!

Join the Insider Group atLearn How to Invest From Cryptobud: All the techniques and strategies to help you to financial freedom!Get Free Newsletter and...

‘Bulls have won’ — Bitcoin whale clusters suggest BTC trend reversal

Bitcoin (BTC) whale clusters indicate that the price could be in a short-term trend reversal after BTC’s recovery beyond $10,700. In the past two...

Nexo founder feels vindicated by the FinCen leak, talks of double-standards

Nexo co-founder Antoni Trenchev told Cointelegraph that he believes the information revealed during the recent FinCen leak vindicates the crypto industry. According to...
bitcoin
Bitcoin (BTC) $ 10,700.00
ethereum
Ethereum (ETH) $ 351.60
ripple
XRP (XRP) $ 0.243219
tether
Tether (USDT) $ 0.999445
bitcoin-cash
Bitcoin Cash (BCH) $ 216.04
bitcoin-cash-sv
Bitcoin SV (BSV) $ 155.68
litecoin
Litecoin (LTC) $ 45.88
eos
EOS (EOS) $ 2.56
binancecoin
Binance Coin (BNB) $ 24.59
okb
OKB (OKB) $ 6.29
tezos
Tezos (XTZ) $ 2.20
leo-token
LEO Token (LEO) $ 1.24
cardano
Cardano (ADA) $ 0.097183
monero
Monero (XMR) $ 93.58
stellar
Stellar (XLM) $ 0.074963
chainlink
Chainlink (LINK) $ 10.75
huobi-token
Huobi Token (HT) $ 4.63
tron
TRON (TRX) $ 0.028470
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 68.69
neo
NEO (NEO) $ 21.60
iota
IOTA (MIOTA) $ 0.257235
nem
NEM (XEM) $ 0.117818
zcash
Zcash (ZEC) $ 54.84
maker
Maker (MKR) $ 502.84
paxos-standard
Paxos Standard (PAX) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 5.01
vechain
VeChain (VET) $ 0.012887
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 3.62
kucoin-shares
KuCoin Shares (KCS) $ 0.931094
waves
Waves (WAVES) $ 2.40